Ratings

Standard & Poor's Ratings Services on Wednesday revised the outlook on Illinois' A-minus credit rating to negative, citing risks over the implementation of a recent pension reform law. Standard & Poor's Ratings Services on Wednesday warned that Illinois' already low credit rating could sink further if the state is unable to implement reforms to curb its big unfunded pension liability and balance its budget. The credit rating agency revised the outlook on Illinois' A-minus credit rating to negative from developing, citing a recent state supreme court ruling that could derail a new pension reform law and the state's structurally imbalanced state budget. ...

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